CNBC Daily Open: U.S. manufacturing drag continues
January’ inflation came in hot and that wasn’t great for the overall economic picture.
Arkhouse, Brigade raise Macy’s buyout bid to $6.6 billion
The firms are now offering to acquire Macy’s stock they don’t already own for $24 per share, about 14% more than its previous offer of $21 per share.
Japan’s Nikkei closes above 40,000 after Wall Street benchmarks hit record highs; China ‘Two Sessions’ meeting in focus
Investors are watching the proceedings of China’s “Two Sessions” meetings, which is the country’s main political event for the year.
Veteran investor picks ‘Glorious 10’ global stocks with 30% annual gains over the last 5 years
Veteran investor and trader Adam Reynolds is looking beyond U.S. tech to 10 lesser-known stocks across Europe, Japan and Australia.
Dan Niles reveals why he prefers the ‘Fantastic Four’ and when the ‘AI bubble’ might pop
Niles pointed out similarities between the launch of Netscape’s web browser in 1994 and ChatGPT in late 2022 for hints as to how much further stocks could go.
China breaks with tradition at annual ‘Two Sessions’ meeting by scrapping premier’s press conference
China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus.
Toyota to invest $2 billion in Brazil, says Brazilian vice-president
Toyota will announce on Tuesday a $2.2 billion investment that will create 2,000 jobs in Brazil, the country’s vice-president said on Sunday.
IMAX ‘ran out of seats’ for ‘Dune: Part Two’ and Legendary Entertainment is interested in ‘Part Three’
Denis Villeneuve’s “Dune: Part Two” opened with an estimated $81.5 million at the box office, the highest of any film released so far in 2024.
Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
Several members of the OPEC+ alliance had in November voluntary supply cuts totaling 2.2 million-barrel-per-day cut for the first quarter of this year.
Death toll rises from Russian drone strike on Ukrainian port city, as China’s envoy tours Moscow
The death toll rose to 10 on Sunday from a Russian drone strike that destroyed an apartment block in Ukraine’s southern port city of Odesa.
